strong agglomeration economies in Japanese investment. Two policy variables are consistently shown to influence the location … of investment - foreign trade zones and labor subsidies. We use simulations to explore the impact these policies had on … the geographic distribution of Japanese investment. The simulations reveal that in aggregate promotion programs largely …

We examine the neoclassical investment model using a panel of U.S. manufacturing firms. The standard model with no … for firms with low (pre-sample) payouts (firms we expect to face financing constraints). Hem, investment is sensitive to … both firm cash flow and macroeconomic credit conditions, holding constant investment opportunities. Sample splits based on …

incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

with the cost of capital cannot be found, investment in Japanese manufacturing shows until 1974 a strong association with … of capitalis the major determinant of investment …

the present value of the returns from an initial investment of [1pound], using the social discount rate, should be equal …

Investment decisions are inherently forward-looking. The payoff of acquiring capital goods, particularly long …-lived capital goods, is governed almost exclusively by events in the far future. Because the timing of the investment itself does … not affect future payoffs, there are strong incentives to delay or accelerate investment to take advantage of predictable …

The distinction between production and purchases of investment goods is essential for quantifying the response to … changes in investment tax incentives. If investment goods are tradeable, a large fraction of the demand from changes in tax … subsidies will be met from abroad. This difference between production and purchases implies that investment tax incentives will …

Promotion of inward foreign direct investment (FDI) into Japan has been an important policy in the Abenomics growth …

This paper suggests that the use of investment incentives focusing exclusively on foreign firms, although motivated in … skills to local industry is not an automatic consequence of foreign investment. The potential spillover benefits are realized … subsidization of foreign investment, it is therefore necessary, at the same time, to support learning and investment in local firms …